Company Registration Types in India are the primary method by which company owners establish or incorporate their corporate. 

Since there are many kinds of corporations in India, entrepreneurs have to ensure they select a business that suits their operations. In India, the Companies Act, 2013.

7 Different Company Registration Types in India 

Seven business registration types in India seem to be more relevant in India for running Smooth business operations. These are as follows: 

•Private Limited Company

•Public Limited Company

•Partnerships

•Limited Liability Partnership

• One-Person Company

• Sole Proprietorship

• Section 8 Company

Company Registration Types In India For Private Ltd. 

Private ltd. companies are appropriate for businesses that need Registration as private entities. In this kind of company, shareholders distribute the liability amongst themselves to assist shield their assets. 

The whole capital of such business types is the total of all the shares controlled by every member of the corporate. Also, the personal and business assets of the members are separate, providing higher protection and security. The shares of such an organization can’t be publically listed or transferred

Procedure For The Private Limited Company Registration India

1. Apply for a name through the RUN web form

For incorporation of Company Registration Types In India for Private Limited Companies, primary we should always check the accessibility of the name on the MCA portal subsequently we should always apply for the name through the RUN web form on the MCA portal, if the name is exclusive and not similar then MCA personnel reserve the name for the corporate.

2. SPICe+Form

SPICe+ would provide ten services of which 3 by C.G. Ministries & Departments (Ministry of Company Affairs, Ministry of Labour & Department of Revenue within the Ministry of Finance) and 1 by the State Government, thereby saving several procedures, time, and price for Starting a Business in India and should be applicable for all new corporate incorporations w.e.f. twenty-third February 2020.

SPICe+ has been divided into two components viz., SPICe+ part A and SPICe+ part B.

• SPICe+ part A represents the section whereby all details with relevant name reservations for a new company should be entered.

• SPICe+ part B represents the section whereby all remaining details needed for incorporation of a company should be entered.

Requirements for Private Limited Company Registration

Members– A minimum number of 2 and a maximum number of two hundred members or shareholders are needed as per the companies act 2013 before the registration of the corporate.

Directors– A minimum number of 2 Directors is needed for registering the Private Limited Company. Every director should have DIN i.e. director identification number that is given by the MCA. One among the Directors should be a resident of India which suggests he/she ought to have stayed in India for not less than 182 days in a previous year.

Name- it’s one of the most important elements of a Private Limited Company The name of the corporate contains 3 elements i.e., the name, the activity, and Private Limited. All Private Limited Companies must use the word Private Limited at the end of their name. Each company has to send two names for approval to the ROC and every time the names ought to be unique and expressive. 

The name for approval mustn’t correspond with the other firm’s name. Therefore, selecting the proper name is a vital part it’ll stick with the corporate throughout its life.

Registered workplace address– whereas going for the registration of the corporate, the owner ought to give the temporary address of the corporate till it doesn’t get registered. But once the corporate has been applying for Company Registration Types In India then the permanent address of its registered workplace ought to be suited with the registrar of the companies. The Registered workplace of the corporate is wherever the company’s main affairs are been conducted and wherever all the documents are placed

Obtaining a digital signature certificate– In today’s present time everything is completed online. All documents are submitted electronically and for that, each company should acquire a digital signature certificate that is employed to verify the authentication of the documents. A digital signature is obtained by all the Directors that are marked on all the documents by each director.

Professional certification– in corporate several professionals have needed for several aims. Incorporating a Private Limited Company Registration Types In India certification by these professionals is necessary.  Professionals like company secretaries, chartered accountants, cost accountants, etc. are needed to create their certification at the time of company incorporation.

Company Registration Types in India Public Company

A Public Limited Company is one whose shares are purchased by members of the overall public. In such business entities, there’s no limit on the number of shares that may be sold out or traded. 

Since the shares of the corporate are listed on the stock exchange, they will be traded freely, making the shareholders part-owners of the corporate. Such corporate got to get a certificate of registration from the ROC before commencing business operations for their Company Registration Types In India.

Requirements for the Public Company Registration

According to the provisions of the Company Act, 2013 here are the requirement wants you to wish to satisfy to include a Public company in India:

• The proposed company should have a minimum number of seven shareholders

• The proposed Company Registration Types In India should have a minimum number of three directors

• No minimum capital needed

• At least one director ought to have a Digital Signature Certificate

•MOA & AOA.

• After approval from the Registrar of the companies, the proposed public company has got to apply for the “Certificate of Business Commencement.”

Public Limited Company Registration Procedure

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